PHOENIX ILX Resorts Incorporated, a developer, operator and marketer of upscale flexible-stay vacation ownership resort in the western United States, announced that it has entered into a definitive agreement to acquire the leasehold interest in 44 acres of prime real estate situated in Las Vegas.
ILX believes the property has the potential to be developed into a first class mixed use development including vacation ownership, traditional hotel, restaurant, golf and other ancillary uses. (8/23/00)